Nisa Investment Advisors LLC Has $158,000 Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

Nisa Investment Advisors LLC trimmed its holdings in shares of The RMR Group Inc. (NASDAQ:RMR) by 41.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,600 shares of the financial services provider’s stock after selling 3,910 shares during the period. Nisa Investment Advisors LLC’s holdings in The RMR Group were worth $158,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of The RMR Group by 2,724.2% during the 4th quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock worth $26,000 after buying an additional 899 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of The RMR Group during the 3rd quarter worth about $30,000. Tower Research Capital LLC TRC lifted its stake in The RMR Group by 930.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,226 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 1,107 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in The RMR Group in the 2nd quarter valued at about $34,000. Finally, Asset Management One Co. Ltd. acquired a new stake in The RMR Group in the 3rd quarter valued at about $56,000. 42.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RMR shares. TheStreet upgraded shares of The RMR Group from a “c+” rating to a “b-” rating in a research note on Tuesday, January 2nd. JMP Securities started coverage on shares of The RMR Group in a research note on Friday. They issued a “market perform” rating for the company. Finally, StockNews.com downgraded shares of The RMR Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th.

The RMR Group Stock Down 3.3 %

The RMR Group stock opened at $22.57 on Friday. The stock has a market cap of $715.67 million, a P/E ratio of 6.52 and a beta of 1.30. The RMR Group Inc. has a twelve month low of $20.79 and a twelve month high of $28.82. The company’s 50-day moving average price is $23.85 and its two-hundred day moving average price is $24.67.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. The firm had revenue of $261.67 million for the quarter, compared to analysts’ expectations of $223.18 million. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. Equities analysts anticipate that The RMR Group Inc. will post 1.92 earnings per share for the current fiscal year.

The RMR Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be issued a $0.45 dividend. This is a boost from The RMR Group’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 7.98%. The ex-dividend date of this dividend is Friday, April 19th. The RMR Group’s dividend payout ratio is currently 52.02%.

About The RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.